Traded volume has weakened as well, currently at $1.16 million over the past 24 hours. The slowing pace of rise and the weakening volume suggest that a pullback is likely in the near-term. This leg of the rally is possibly being driven by traders reacting to the rally’s earlier stages and making a bid for whatever is left.

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Having gained nearly 670% since summer lows and 72% in December, and with recent positive developments such as its partnership with Earthport already priced in, a pullback is especially likely. Thereafter, gains may resume but may be dependent on the resumption of a steady stream of good news.

While bitcoin has struggled of late, XRP’s gains over the past five days have been organic and less a result of bitcoin price weakness. BTC is at about break-even since XRP made its latest advance.

Its market cap has thus grown to $540 million, over one tenth that of Bitcoin.